Intech Investment Management LLC Has $1.58 Million Stake in Expeditors International of Washington, Inc. $EXPD

Intech Investment Management LLC trimmed its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 46.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,920 shares of the transportation company’s stock after selling 11,127 shares during the quarter. Intech Investment Management LLC’s holdings in Expeditors International of Washington were worth $1,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH boosted its position in Expeditors International of Washington by 14.0% during the third quarter. Allianz Asset Management GmbH now owns 565,430 shares of the transportation company’s stock valued at $69,316,000 after purchasing an additional 69,290 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Expeditors International of Washington by 6.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 993,697 shares of the transportation company’s stock worth $121,817,000 after purchasing an additional 62,500 shares during the last quarter. Ascent Group LLC raised its stake in shares of Expeditors International of Washington by 237.3% during the 3rd quarter. Ascent Group LLC now owns 10,315 shares of the transportation company’s stock worth $1,265,000 after purchasing an additional 7,257 shares in the last quarter. Mediolanum International Funds Ltd acquired a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at about $464,000. Finally, Nordea Investment Management AB lifted its holdings in shares of Expeditors International of Washington by 7.4% during the 3rd quarter. Nordea Investment Management AB now owns 648,101 shares of the transportation company’s stock valued at $78,867,000 after buying an additional 44,849 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Barclays raised their price objective on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, January 15th. Bank of America upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research note on Friday, January 9th. Truist Financial reduced their price objective on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a research note on Wednesday, February 25th. Susquehanna lowered their target price on shares of Expeditors International of Washington from $160.00 to $142.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. Finally, UBS Group upgraded Expeditors International of Washington from a “neutral” rating to a “buy” rating and raised their target price for the company from $138.00 to $166.00 in a report on Monday, November 17th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Expeditors International of Washington currently has an average rating of “Reduce” and a consensus target price of $134.30.

Expeditors International of Washington Price Performance

Shares of EXPD opened at $146.61 on Friday. The company has a market capitalization of $19.57 billion, a PE ratio of 25.63, a price-to-earnings-growth ratio of 5.00 and a beta of 1.15. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $167.19. The company’s fifty day moving average price is $155.06 and its 200 day moving average price is $139.22.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, February 24th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.03. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.68 EPS. Analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

About Expeditors International of Washington

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.